_____ Are Almost 70% of GDP, While _____ Are About

question 22

Multiple Choice

_____ are almost 70% of GDP, while _____ are about 17% of GDP.

• A) Personal consumption expenditures; government expenditures
• B) Personal consumption expenditures; gross private domestic investments
• C) Government expenditures; gross private domestic investments
• D) Government expenditures; net exports

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Definitions:

Contribution Margin

The amount by which a product's sales price exceeds its variable costs, indicating how much contributes to covering fixed costs and generating profit.

Machine Hour

A measurement of production time, counting one hour of operation of a machine or a piece of equipment for manufacturing purposes.

Sales Margin

The difference between the selling price of a product and the cost of goods sold, expressed as a percentage of sales, indicating the profitability of a product.

Fixed Costs

Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.